Crypto Market News Today, December 10: BTC Turns Green as Shorts Get Wiped and ETH Smashes Its Downtrend

The crypto market finally showed signs of real strength today, with Bitcoin and Ethereum leading a broad recovery after a brutal few weeks of volatility. BTC saw steady green inflows, signaling that buyers are stepping back in just as short-sellers were caught on the wrong side of the trade.

Bitcoin Reclaims Momentum

Bitcoin pushed higher after dipping earlier in the month, helped by rising spot inflows and cooling sell pressure from whales. With over-leveraged short positions getting liquidated, BTC was able to reclaim key support levels and stabilize above them. The tone across the market has shifted from panic to cautious optimism.

Ethereum Breaks Its Downtrend With a 12% Pop

Ethereum was the standout performer of the day. ETH printed a 12% rally, breaking its multi-week downtrend and outperforming most large-caps. Traders have renewed confidence as liquidity flows back into ETH ahead of multiple catalysts, including network upgrades and stronger ETF inflow patterns.

Shorts Wiped Out — Bullish Fuel

A wave of short liquidations across BTC, ETH, and several altcoins gave bulls the upper hand. This “short squeeze effect” helped accelerate the recovery, pushing prices higher in a compressed time frame.

Market Sentiment Gradually Improving

Across the board, traders appear more willing to take risk again. Altcoins have begun stabilizing, on-chain flows are turning constructive, and funds are rotating back into BTC and ETH after the huge $2B liquidations earlier in the month.

Bottom Line:

The market isn’t fully out of danger yet, but today’s move shows the strongest signs of recovery in weeks. If inflows continue and macro conditions remain calm, December could end on a surprisingly bullish note.